Consider derek's budget information: materials to be used total $64,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory on january 1 is $189,100; and work in progress inventory on december 31 is $197,600. the budgeted cost of goods manufactured for the year is:

$649,450

Explanation:

In these kind of situations it is generally assumed that there is FIFO,

Therefore, the goods entered first that is work in progress is completed and then the goods added are completed.

Cost of goods manufactured = Opening Work in process + Direct expense added in the period - closing work in process.

= $189,100 + $64,750 + $198,400 + $394,800 - $197,600

= $649,450

Cost of goods manufactured includes direct material cost, direct labor cost and all the direct factory overheads incurred during the month.

Therefore, current year cost of goods manufactured is calculated as above, which is = $649,450.

they have a larger number of potential customers because people anywhere can buy from them. ( d.)

a loan? that’s my guess, anywho.